2018 CSBS Fly-in

Mar 9, 2018

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The annual CSBS legislative fly-in was packed with meetings between state regulators and their members of Congress and important discussions with leaders of the Federal Reserve, Treasury Department, and CFPB, plus White House staff.

Albert Forkner (WY), CSBS Board chair, extended a huge thanks to the 39 states that sent representatives to Washington for this important event and to the CSBS Board for their participation in the quarterly meeting.

CSBS’s Vision 2020 was woven through the events. Other prominent themes included:

Pending public policy items, including S. 2155

Federal Reserve policy

Community banks

Demographic trends in home ownership

Fintech

Equifax

Multi-state money services licensing

Disaster response

Bank Service Company Act (BSCA) and third-party service providers

In his remarks on Tuesday, CFPB Acting Director Mick Mulvaney, also a former member of Congress, stressed the importance of regulators’ fly-in participation, saying that people from back home are first in line to see their congressional representative in Washington. On Wednesday, state regulators fanned out across Capitol Hill to meet with members of their congressional delegations.

Prior to those meetings, CSBS president and CEO John Ryan thanked each state regulator for traveling to Washington, saying, “The close personal relationships that state regulators build with their congressional delegations are vital to advancing the interests of the dual banking system in the U.S. and state officials’ ability to continue to protect local consumers and create environments that support local economies.”

In a comment letter to the Federal Reserve Board, CSBS sought clarification on whether directing supervisory findings to a bank’s senior management instead of the board could limit the board’s ability to provide effective oversight

CSBS President and CEO John Ryan spoke at the 2018 user conference of the Nationwide Multistate Licensing System, and shared his views on the 10th anniversary of NMLS as well as a look ahead to the state regulation of nonbanks